Harneys advises Coral Capital on the launch of its fourth flagship fund

At the core of Japan's venture capital landscape, Coral Capital is committed to cultivating the country's future titans across diverse industries, including Software as a Service (SaaS) and advanced technologies like fusion. The primary goal of Coral Capital IV is to strategically channel venture capital into a carefully curated portfolio of private companies, with a sharp focus on science and technology firms that operate within or closely with Japan.

Yucheng Fan, a partner specialising in Investment Funds and Regulatory matters, led the Harneys' team with support from Senior Associate Cherrie Wong and Legal Manager Betty Chen. Withers advised on the deal's Japanese, US, and international legal aspects.

Yucheng commented: "It has been gratifying to support Coral Capital alongside Withers in this significant global venture, which draws investors from across Asia, the EU, and the US. We are proud to contribute to an initiative that promises to boost the Japanese venture capital ecosystem. We extend our best wishes to Coral Capital as it plans to invest in innovative companies in the science and technology sector.”

Harneys advises on all aspects of the life of a BVI, Cayman, Cyprus, or Luxembourg fund, including formation, restructuring, and closure, both in distressed and planned scenarios. The firm has also established a dedicated offshore regulatory practice providing regulated clients with essential legal support.